How to Avoid Crypto Scams and Stay Safe
With the rise of cryptocurrency, scams have become increasingly common. Investors should be wary of Ponzi schemes, fake ICOs (Initial Coin Offerings), and phishing attacks. A good rule of thumb is to avoid promises of guaranteed high returns, as crypto markets are inherently volatile. Always verify the credibility of a platform before making transactions. Using reputable exchanges, enabling two-factor authentication, and keeping crypto assets in a secure hardware wallet are essential steps to protect investments from fraud and hacking attempts.
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